Direct Materials and Direct Labor Variance Analysis Shasta Future Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has 40 employees. Each employee presently provides 36 hours of labor per week. Information about a production week is as follows: Standard wage per hour Standard labor time per unit Standard number of lbs of brass Standard price per lb. of brass Actual price per lb of brass Actual Ibs of brass used during the week $12.60 20 min. 1.5 lbs. $11.00 $11.25 10,661 lbs. Number of units produced during the week Actual wage per hour 6,900 $12.98 Actual hours for the week (40 employees x 36 hours) 1,440